High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Gold prices were steady though the bias was slightly negative in the early trade on Thursday amid a slip in the dollar index (DXY) which fell below the 104 mark. Street also awaits the latest cues from Fed as a clutch of officials are expected to speak on Fed path later this week. Taking cues
Commodity currencies are the main movers in Asian markets today, gaining broadly, albeit against a backdrop of continued weak momentum. This situation unfolds as Chinese stocks carry forward their rebound from earlier this week, showcasing a divergence from Hong Kong’s market dynamics, where signs of profit-taking are beginning to surface. The anticipation surrounding China’s proposed
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices jumped Rs 170 to Rs 63,370 per 10 grams in the national capital on Wednesday amid gains in precious metal’s prices globally, according to HDFC Securities. The yellow metal had closed at Rs 63,200 per 10 grams in the previous trade. However, silver plunged Rs 300 to Rs 74,600 per kilogram, while it
Sterling, and to a lesser extent, Euro, are propelled slightly higher by hawkish comments from key figures in BoE and ECB. These officials have adopted a stance of patience, preferring to wait for additional economic data before making any decisions on interest rate cuts. Their cautious approach has also lifted benchmark yields in the UK
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold traded with declines on Wednesday amid a stronger dollar index (DXY) which stayed at an eight-week high level. The better-than-expected US jobs data has dashed Street’s hopes of an imminent rate cut by the Federal Reserve strengthening the greenback. Taking cues from the global price trends, the MCX April gold futures were trading at
Australian Dollar recovered mildly today, but momentum is so far limited. While RBA softened the hawkish stances after standing pat on rates, the left is still left open for more tightening. Governor Michele Bullock emphasized in the post-meeting press conference that the inflationary battle is far from won, while the board would keep this option
The major European indices are closing higher on the day with the gains led by the UK FTSE 100. A snapshot of the closing levels shows: German DAX, +0.76% France CAC, +0.65% UK FTSE 100, +0.90% Spain’s Ibex, +0.62% Italy’s FTSE MIB, +0.58% Euro STOXX index +0.60% As London/Europe is look to exit, the US
Gold regained some ground on Tuesday on a slight pullback in the U.S. dollar and Treasury yields, while traders positioned for remarks from several Federal Reserve officials this week to gauge the likely pace of interest rate cuts this year. Spot gold rose 0.3% to $2,030.49 per ounce, as of 10:00 a.m. ET (1500 GMT),
Dollar is largely in a state of consolidation today, except with a minor uptick observed against Swiss Franc. In the absence of significant economic data from the US, market participants are poised to gauge the sentiment from forthcoming comments by Fed officials. However, the broader market dynamics, particularly the interplay with other financial markets, could
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices were little moved in early trading on Tuesday, as market participants assessed a visit to the Middle East by U.S. Secretary of State Antony Blinken to discuss a ceasefire offer in the region. Blinken met Saudi Arabia‘s de-facto ruler on Monday. Palestinians hope the visit will clinch a truce before a threatened Israeli
Dollar strengthens broadly in Asian session today, extending last week’s late rebound. This uptick comes in the wake of Fed Chair Jerome Powell’s interview on 60 Minutes, where he reiterated the premature nature of interest rate cuts in March. He also highlighted the underlying economic resilience that affords Fed the luxury of patience. Powell’s stance
ISM nonmanufacturing index Prior month 50.5 ISM nonmanufacturing PMI 53.4 versus 52.0 estimate Nonmanufacturing business activity January 55.8 vs 55.8 last Employment.50.5 vs 43.8 last month New orders 55.0 vs 52.8 last month Prices Paid 64.0 vs 57.4 last month Other components: Inventories 49.1 vs 49.6 last month Supplier deliveries 52.4 versus 49.5 last month
Gold prices slipped to a one-week low on Monday after a robust U.S. jobs data last week and remarks from Federal Reserve Chair Jerome Powell dented hopes for early rate cuts, lifting the dollar and bond yields higher. Spot gold was down 0.6% at $2,025.99 per ounce by 1214 GMT, hitting its lowest since Jan.
Dollar’s robust rally persists in early US session, and gains momentum alongside the strong rise 10-year yield, now surpassing the 4.1% mark. Fed Chair Jerome Powell’s hawkish comments in CBS interview air during the weekend continued to shift market expectations. The probability of Fed holding interest rate unchanged in March has soared to approximately 85%,